Citi
Trading Places, May 10, 2013
Citi hires in options sales, Morgan Stanley's Marfat joins BNP Paribas, while Oanda appoints a new chief executive in Asia-Pacific
Banks welcome EBS latency floor
EBS consults on a new approach it hopes will reduce the advantage of super-fast trading algorithms
Banks face tough decisions in platform programming
Some market participants are calling for greater use of programming language HTML5 as an industry standard for web-based platforms. But banks say they must wait for clients to catch up before migrating to something new
Forum supports board of approval to vet Russian nostro banks
Participants at the International Ruble Settlement Forum agree initiative needed to promote use of real-time settlement in Russia
Banks beef up quant solutions for FX in response to buy-side demand
Morgan Stanley and Commerzbank are investing in quantitative offerings as a part of their FX strategy, but other banks are pulling back from the business
Citi appoints new head of e-FX trading
Richard Bibbey relocates from Sydney to London with the bank to replace Simon Jones, who recently departed to take time out from the industry
Citi aims to strengthen grip on corporates with platform upgrade
Latest version of CitiFX Pulse seeks to offer corporate clients better FX exposure management
Citi loses global head of e-FX trading
Electronic trading head Simon Jones departs Citi to take time out from the market. The bank expects to announce a replacement shortly
Jefferies embarks on ambitious expansion in FX
Ben Welsh at Jefferies talks about the US investment firm's plans to build its FX offering
Russian banks weigh up benefits of CLS membership
Local liquidity providers are pivotal to CLS success in the ruble, but Russian banks are not yet convinced of the benefits of membership
Market complacency over Korean won ‘staggering’
Traders have been slow to react to heightened tensions between North and South Korea
Euro bearishness reawakened post-Cyprus
Long euro positions have been unwound following the bailout of Cyprus and many participants now foresee further trouble ahead for the eurozone
Tarns gain favour as investors seek to exploit range-bound pairs
Target accrual redemption notes have regained some popularity after losing favour during the crisis, but investors are keeping a firmer eye on the risks, say dealers
Sberbank CIB appoints FX trading chief
Steven Weller, who formerly headed FX for Asia-Pacific at Barclays, joins Russia's Sberbank in Moscow
IPM sees buy-side differentiation through early adoption of e-FX
Fredrik Wingren, head of trading at Informed Portfolio Management in Stockholm believes being an early adopter of new technology gives the firm added clout in helping develop products in conjunction with the sell side
Banks vie for position in taking EM currencies electronic
Electronic trading is beginning to take off for emerging market currencies as banks race to meet client demand for a means of trading EMFX electronically. What unique challenges exist when it comes to e-FX in emerging markets? Miriam Siers reports
Haskins joins Nomura to head North American FX sales
Morgan Stanley's former head of emerging market and FX sales for the Americas moves to similar role at Nomura
Investors return to FX as volatility and volumes rise
Banks are reaping the benefits of the return of hedge funds to the FX market as a result of rising volatility, which in turn is driving volumes higher
Credit Suisse prime services head to change roles
Philip Vasan, formerly head of global FX and now head of prime services, will move on to run the private banking division in the Americas next month
EBS hires US sales head from Integral
EBS hiring season continues with the appointment of Integral's head of US sales, and the business has also appointed co-heads for the anonymous platform, EBS Market
Sub-Saharan African currencies gain traction
The search for yield in currency markets is leading investors into new emerging market currencies in sub-Saharan Africa, according to banks focused on the region
EBS launches Indian rupee fix and spot USD/INR
FX platform adds Indian rupee capabilities as it seeks to break the monopoly held by rival Thomson Reuters in the region
The advantages of algo execution
As both Barclays and UBS prepare to launch new algo execution tools for foreign exchange in the coming weeks, the space is becoming increasingly crowded – but it appears to be driven by strong demand from the buy side. Miriam Siers reports
Ruble poised for growth after bond market liberalisation
As the bond market continues to open up and Moscow Exchange prepares to go public, FX market participants are eyeing potential opportunities for the ruble